Arkema is engaged in the global chemical industry which is a processing industry based on the transformation in one or several stages of raw materials (oil derivatives, gas, minerals, natural products) into more or less complex chemical products, or into plastics obtained by polymerization. In addition, Co. manufactures a wide range of products for other major industries: construction, packaging, chemicals, automotive, electronics, food manufacturing, pharmaceuticals, etc. Co. operates in this industrial context with a business portfolio focused on three segments: High Performance Materials, Industrial Specialties, and Coating Solutions.
  • TickerAKE
  • ISINFR0010313833
  • ExchangeEuronext Paris
  • SectorChemicals
  • CountryFrance
Bruno Cavalier ...
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/03/2020

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Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2020

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Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2020

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Jérôme VINERIER

Short term view - ARKEMA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €87.81. The background trend would be questioned should prices rise above €99.54.

Jérôme VINERIER

Analyse court terme - ARKEMA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 87,81 €. La tendance de fond serait remise en cause en cas de franchissement de 99,54 €.

Jérôme VINERIER

Short term view - ARKEMA : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €87.81, then €84.28. Passing €99.54 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - ARKEMA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 87,81 €, puis 84,28 €. Le franchissement de 99,54 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse moyen terme - ARKEMA : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

Emmanuel Matot

ODDO : Arkema more optimistic over recovery than Solvay

>Arkema: Q2 results less bad than expected and signs of improvement in demand - Following the release of Arkema's Q2 results on Thursday, we would note a 30% drop in EBITDA to € 286m (consensus = € 261m), hard hit by weak demand amid a severe health crisis, with volumes down 12% and transport, industry and construction particularly affected. Specialty Materials held up better (EBITDA down 23%) compared to Intermediates (EBITDA down 48%).Regarding prospects, we wo...

Emmanuel Matot

ODDO : Arkema plus optimiste sur la reprise que Solvay

>Arkema : des résultats T2 moins mauvais que prévu et des signes d’amélioration de la demande - Nous retiendrons des résultats T2 d’Arkema jeudi dernier une chute de 30% de l’EBITDA à 286 M€ (consensus = 261 M€), lourdement impacté par la faiblesse de la demande dans un contexte de grave crise sanitaire (volumes = -12% - transport, industrie et construction particulièrement touchés). Les Matériaux de Spécialités se sont montrés plus résilients (EBITDA = -23%) comparés...

Emmanuel Matot

Arkema : Q2 2020 publication reflecting the big impact of the health crisis

>Strong fall in earnings in Q2 but not as big as expected – Excellent FCF generation - Arkema has just reported its Q2 2020 results. EBITDA, the key indicator, showed a sharp fall of 30% to € 286m (after -19% in Q1) but came in ahead of expectations (consensus = € 261m). Amid a serious health crisis, volumes fell 12% (transport, industry and construction sectors particularly hard hit).All divisions posted declines (volumes, sales, EBITDA and EBITDA margin), the b...

Emmanuel Matot

Arkema : Une publication T2 2020 actant les lourds effets de la crise sanitaire

>Forte baisse des résultats au T2 mais moins importante que prévu – Excellente génération de FCF - Arkema vient de publier ses résultats T2 2020. L’EBITDA, qui constitue l’indicateur clé, affiche une forte baisse de 30% à 286 M€ (après -19% au T1) mais s’inscrit au-dessus des attentes (consensus = 261 M€). Dans un contexte de grave crise sanitaire, les volumes ont chuté de 12% (secteurs du transport, de l’industrie et de la construction particulièrement touchés)....

Emmanuel Matot

ODDO : Update on Arkema/Solvay – Newsflow remains difficult

>Message on the activity remains cautious - to the point that Solvay has book an impairment in composites - We recently contacted Solvay and Arkema ahead of the Q2 results, which are due for publication on, respectively, Wednesday 29 July and Thursday 30 July.We note the particularly negative message on activity, with both groups indicating that around 30% of their sales are exposed to struggling end-markets, i.e. automotive (~15%), aerospace (~10%) and oil & gas...

Arkema - March 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Arkema - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's assigns Baa3 rating to Arkema's hybrid notes; stable outlook

Rating Action: Moody's assigns Baa3 rating to Arkema's hybrid notes; stable outlook. Global Credit Research- 14 Jan 2020. Frankfurt am Main, January 14, 2020-- Moody's Investors Service today assigned a Baa3 long-term rating to the proposed issuance of E300 million Undated Deeply Subordinated Fixed Rate Resettable Notes issued by Arkema.

Arkema - September 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Arkema: Update of key credit factors following upgrade to Baa1

Arkema's profitability and leverage have shown resilience in light of macroeconomic weakening

Bruno Cavalier ...
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/03/2020

...

Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2020

...

Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2020

...

ARKEMA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ARKEMA (FR), a company active in the Commodity Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 19, 2020, the closing price was EUR 81.52 and its potential was estimated at EUR 93.01.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Pierre-Antoine Bourgoin

Arkema - Assemblée Générale des actionnaires du 19 mai 2020

A la vue des récents événements relatifs au Covid-19, dont les conséquences restent encore non quantifiables, Proxinvest est favorable à l'abaissement de la distribution de dividendes initialement prévue (résolution 3). Nous n'émettons pas d'avis défavorable au renouvellement de Thierry Le Hénaff, Président Directeur Général (résolution 5). Concernant la politique de rémunération du Président Directeur Général, bien que l'augmentation de la rémunération fixe et du montant maximum de la rémunération variable annuelle fasse l'objet d'un ajournemennt, elle constitue une aggravation de la précéd...

Expert Corporate Governance Service (ECGS)

Arkema – AGM 19 May 2020

Resolution 3: In view of the recent events relating to Covid-19, which are not yet quantifiable, ECGS is in favour of lowering the dividend distribution initially planned.   Resolution 5: We do not issue an unfavourable opinion on the renewal of the term of office of Thierry Le Hénaff, Chairman and Chief Executive Officer.   Resolution 7: Concerning the compensation policy for the Chairman and Chief Executive Officer, although the increase in the fixed compensation and the maximum amount of annual variable compensation is subject to deferment, it constitutes a worsening of the previous pol...

Arkema - Assemblée générale des actionnaires du 21 mai 2019

François Enaud, administrateur référent non indépendant car en fonction depuis 13 ans, va quitter le conseil à l'issue de cette assemblée générale et sera remplacé à ce poste par un membre indépendant, Hélène Moreau-Leroy. Par ailleurs, autre point positif, le conseil est composé d'une majorité de membres libres de conflits d'intérêts potentiels. Dans ces conditions, les nominations et renouvellements proposés seront tous soutenus (résolutions 5 à 8). De nouveau, l'attention des actionnaires est attirée sur les niveaux de rémunération du Président-Directeur général qui paraissent excessives à...

Expert Corporate Governance Service (ECGS)

Arkema - AGM and EGM 21 May 2019

François Enaud, Lead Director, who is not considered as independent since he has been in office for 13 years, will leave the Board at the end of this general meeting and will be replaced by an independent member, Hélène Moreau-Leroy. Another positive point, the Board is composed by a majority of independent members. Accordingly, ECGS recommends to APPROVE all four re-elections (resolutions 5 to 8).  Once again, shareholders' attention is drawn to the excessive compensation levels of the Chairman and Chief Executive Officer, which amount to € 4.6 million in 2018. A similar amount could be allo...

Arkema – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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